Do You Know the Key Birthdays on the Road to Retirement?

Know your retirement milestone dates if you are Gen X

Credit: RGR Collection/Alamy Stock Photo

Gen X is finally entering the retirement age — are we ready for it?

All I need are some tasty waves, a cool buzz, and I’m fine. — Jeff Spicoli in Fast Times at Ridgemont High

Did we save for our golden years or just practice Jeff Spicoli’s words of wisdom?

This quick guide should bring you up to speed on critical birthdays on the road to your retirement even if you dozed off and slept through the last few decades like Rip Wan Winkle.

You must be THIS age to ride this ride

When you hit age 50, the route to retirement is filled with mile markers — knowing the key milestones can make all the difference. Here’s a quick guide to the important dates as you progress to retirement.

Age 50: Supercharge your retirement savings

• Catch-Up Contributions: Once you reach 50, you can contribute an extra $7,500 to your 401(k), bringing your total to $30,000, and you can add an extra $1,000 to your IRA. This is awesome if you have the extra cash to contribute.
• Upcoming Changes: Starting in 2024, these contributions will be…